v3.26.1
BUSINESS SEGMENT DATA - Summary of Segment Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Information        
Income Properties $ 37,136 $ 33,375 $ 73,716 $ 65,047
Revenue from Contract with Customer, Including Assessed Tax 1,466 1,247 2,815 2,425
Interest Income From Commercial Loans and Investments 5,229 3,016 8,473 5,977
Total Revenues for Reportable Segments 43,831 37,638 85,004 73,449
Total Direct Cost of Revenues (11,126) (10,178) (21,294) (19,069)
Total Revenues Less Direct Costs of Revenues 32,705 27,460 63,710 54,380
Provision for Impairment and Adjustment to CECL Reserve (1,084)   (763)  
Depreciation and Amortization - Real Estate (15,831) (15,277) (31,769) (29,623)
Total Operating Income (Loss) 13,251 (12,678) 23,544 (4,805)
Gain on Disposition of Assets 2,107   2,107  
General and Administrative Expenses (4,630) (4,448) (9,707) (9,131)
Investment and Other Income (Loss) 10,765 (3,687) 14,008 (3,112)
Interest Expense (7,783) (6,859) (15,054) (12,995)
Loss on Extinguishment of Debt   (20,396)   (20,396)
Depreciation and Amortization - Other (16) (17) (34) (35)
Net Income Before Income Tax Expense 16,233 (23,224) 22,498 (20,912)
Income Tax Expense (1,121) (194) (1,181) (245)
Net Income (Loss) 15,112 (23,418) 21,317 (21,157)
Income Properties        
Segment Reporting Information        
Total Direct Cost of Revenues (11,126) (10,178) (21,294) (19,069)
Income Properties        
Segment Reporting Information        
Income Properties 37,136 33,375 73,716 65,047
Total Revenues for Reportable Segments 37,136 33,375 73,716 65,047
Total Revenues Less Direct Costs of Revenues 26,010 23,197 52,422 45,978
Depreciation and Amortization - Real Estate (15,831) (15,277) (31,769) (29,623)
Gain on Disposition of Assets 2,107   2,107  
Income Properties | Income Properties        
Segment Reporting Information        
Total Direct Cost of Revenues (11,126) (10,178) (21,294) (19,069)
Management Services        
Segment Reporting Information        
Revenue from Contract with Customer, Including Assessed Tax 1,466 1,247 2,815 2,425
Total Revenues for Reportable Segments 1,466 1,247 2,815 2,425
Total Revenues Less Direct Costs of Revenues 1,466 1,247 2,815 2,425
Commercial Loans and Investments        
Segment Reporting Information        
Interest Income From Commercial Loans and Investments 5,229 3,016 8,473 5,977
Total Revenues for Reportable Segments 5,229 3,016 8,473 5,977
Total Revenues Less Direct Costs of Revenues 5,229 3,016 8,473 5,977
Provision for Impairment and Adjustment to CECL Reserve (1,084)   (763)  
Operating Segments        
Segment Reporting Information        
Total Operating Income (Loss) 15,790 12,183 31,178 24,757
Net Income Before Income Tax Expense 17,897 12,183 33,285 24,757
Operating Segments | Income Properties        
Segment Reporting Information        
Total Operating Income (Loss) 10,179 7,920 20,653 16,355
Net Income Before Income Tax Expense 12,286 7,920 22,760 16,355
Operating Segments | Management Services        
Segment Reporting Information        
Total Operating Income (Loss) 1,466 1,247 2,815 2,425
Net Income Before Income Tax Expense 1,466 1,247 2,815 2,425
Operating Segments | Commercial Loans and Investments        
Segment Reporting Information        
Total Operating Income (Loss) 4,145 3,016 7,710 5,977
Net Income Before Income Tax Expense $ 4,145 $ 3,016 $ 7,710 $ 5,977